Zinc Investing News reports zinc prices have not improved despite supply cuts. In Shanghai, spot zinc traded at about 9,350 Yuan a tonne on Thursday versus 13,850 Yuan 3 months earlier. For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.
Continue reading "Will Chinese purchases boost zinc and lead demand?"
Tuesday, December 16, 2008
Lead Investing News reports lead price has fell to more than 60% this year. Lead has joined the likes of platinum and palladium in being hit by poor automotive sales data. However, analysts say that lead has been unfairly grouped with these metals. Only around 10 per cent of lead demand is directly linked to new [...]
Continue reading "Will Chinese purchases boost zinc and lead demand?"
Friday, December 12, 2008
Copper Investing News reports copper fell more than 2% before turning to positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 moved up 1.85 cents, or 1.24 per cent, to [...]
Continue reading "Copper adds some shine.."
Monday, December 8, 2008
Zinc Investing News reports zinc prices has fallen about 52% . A build-up of large inventories of unsold zinc has prompted many to predict further price declines. Production cutbacks have yet to hit prices as it can take up to four months for ore pulled out of a mine to end up as shipped metal. This means [...]
Continue reading "Low zinc and lead inventories threaten price stability"
Monday, December 8, 2008
Lead Investing News reports lead prices have fell to its lowest point. Lead prices on the LME are poised to fall further after dropping sharply in the previous session. Analysts are now forecasting that the metal’s demand base could weaken further as growth in China continues to shrink and car sales keep falling. Lead for delivery [...]
Continue reading "Low zinc and lead inventories threaten price stability"
Friday, December 5, 2008
Copper Investing News reports copper futures fell to a low dating back in July 2005. London Metal Exchange (LME) warehouse stocks fell to 292,775 tonnes, a drop of 250 tonnes. Inventories are still running about 50 per cent above September at their highest levels since January 2004. Indian copper futures traded steady with a downside bias on [...]
Continue reading "Recession or depression?"
Tuesday, December 2, 2008
Lead Investing News reports lead prices have significantly fallen to about 57% this year. So far, the mass amount of output cuts by lead and zinc companies have done little to stabilize the metals’ precipitous price decline. Australian miner Oz Minerals Ltd (ASX:OZL), already in trouble due to the sharply falling value of metals, has been given [...]
Continue reading "Will lead production cuts boomerang prices?"
Tuesday, December 2, 2008
Zinc Investing News reports zinc prices have fallen to $1,198 a tonne, lowest in 2 years. After reductions in automobile production, both General Motors Corp and Ford Motor Co cut vehicle production as sales slumped to their lowest level since 1991, the metal used in car batteries took a hit. Lead for delivery in three months [...]
Continue reading "Will zinc production boomerang prices?"
Thursday, November 27, 2008
Tin Investing News reports tin prices have fallen causing cutbacks in production for tin in Indonesia. “If prices are still lower next year, we may limit refined tin output and push for more high-priced by-products,” said company spokesman Abrun Abubakar. “It’s useless to flush the market with refined tin.” Because of plunging prices, PT Timah expects tin [...]
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Friday, November 21, 2008
Copper Investing News reports the demand for copper is weakening due to the slow economic growth. Japan and Germany are in a full-fledged recession, and China and the U.S. are in bear markets teetering on the brink. The metal has lost more than half of its value since June 30 as declines in manufacturing; tighter credit [...]
Continue reading "Copper demand mirrors economic growth"
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Tuesday, December 16, 2008
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